Adani Stock Wipeout Deepens to $104 Billion After Flagship Firm Pulls Share Sale
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walterbibikow
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@Indos you seem to be on a spree of anti India news today. Good going buddy. Continue on your job. 
You'll be making good money out of it. I understand many hates India due to it's recent successes on multiple fields, so it's quite natural for guys like you to develop hatred towards India
You'll be making good money out of it. I understand many hates India due to it's recent successes on multiple fields, so it's quite natural for guys like you to develop hatred towards India
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Investors heard about his "closeness" to Modi and the fact that he owns 75% of the stocks of his own company.
So they decided to go all in.
The fact that he is investing in Infra projects which has Large initial capital investment and which turns into a cash cows over time is the key factor to his growing wealth.
Stuff like Solar plants and Wind mills, which get subsidies from the govt. and will continue to generate revenues without additional massive investments. Integrating that with manufacturing Solar cells and now getting into Silicon wafers and microchip sector.
He is also investing in Hyperscale Data Centers which is the new Oil farms. Also now owns the second largest Cement companies in India. His Adani wilmar has cost to 20% share of India's edible oil.
Just the edible oil sector is close to 30 Billion $ and is growing between 7-8% every year.
Global average in edible oil consumption is 27.6 kg per person, In India the average is 19.5 kg per person (annual).
This is the Adani story in brief.
@Indos you seem to be on a spree of anti India news today. Good going buddy. Continue on your job.
You'll be making good money out of it. I understand many hates India due to it's recent successes on multiple fields, so it's quite natural for guys like you to develop hatred towards India
He's an Indonesian muslim who hate hindus and India. Has a very pakistani mentality. So you know what to expect.
comci
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@Indos you seem to be on a spree of anti India news today. Good going buddy. Continue on your job.
You'll be making good money out of it. I understand many hates India due to it's recent successes on multiple fields, so it's quite natural for guys like you to develop hatred towards India
you can’t globalize and not expect global entities to question you if you keep blabbering about india as superpower.
Indos is pointing the core practise of india's way of doing business which is full of nepotism. My advice:'' dont shoot the messenger''
Indos
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As what I have predicted since last week in my previous thread, this event will pressure Indian Rupee
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MUMBAI, Feb 2 (Reuters) - The Indian rupee closed at a more than three-week low on Thursday, shrugging off weakness in the dollar index, as concerns over a rout in local equities seeped into the currency markets.
The partially convertible rupee INR=IN fell to 82.1725 per dollar, compared with its previous close of 81.92.
The currency had briefly flirted with 82-levels in the past two sessions but was unable to sustain its post-budget gains on Wednesday, mirroring the volatility in equities.
The mood on Thursday was dominated by turbulence in the equities as the selloff Adani Group shares persisted, dragging the benchmark stock index down after the conglomerate shelved its fully-subscribed secondary share offering overnight.
The rupee's marginal strength earlier in the session was not going to last as heavy dollar buying was expected, three traders said.
Foreign banks have been bidding all through this week for USD/INR, they said, pointing to the chances of custodial banks among them as overseas investors sought to withdraw money from Indian markets.
Foreign institutional investors have withdrawn around $3.5 billion from stock markets in January alone.
The rupee, which has already been underperforming its Asian peers, will likely stay under pressure from these developments, said Alvin Tan, head of Asia FX strategy, RBC Capital Markets.
Meanwhile, Asian currencies and stocks nudged up as Fed Chair Jerome Powell acknowledged that U.S. inflation had started to cool after the central bank raised rates by an expected 25 basis points.
However, he did signal that interest rates would rise further and that cuts were not in the offing, but markets continued to cheer the likelihood of the Fed rate peaking soon, with the dollar index USD= plunging more than 1% overnight.
nvestors will now be on the lookout for the central bank meetings in Europe an England later in the day, when both are expected to hike rates by 50 bps.
(Reporting by Anushka Trivedi;Editing by Dhanya Ann Thoppil)
Sell-off in India's Adani deepens to $50 billion
Dont just see on Adani, what would happen on Indian stock market for the next week as confident on Indian stock market will likely plunge over this issue. The possible huge outflow of foreign investors in Indian Stock market will likely hurt Rupee as well for the next weeks to come If they...
defence.pk
INDIA RUPEE-Rupee weakens past 82/USD hit by equity market turbulence
MUMBAI, Feb 2 (Reuters) - The Indian rupee closed at a more than three-week low on Thursday, shrugging off weakness in the dollar index, as concerns over a rout in local equities seeped into the currency markets.
The partially convertible rupee INR=IN fell to 82.1725 per dollar, compared with its previous close of 81.92.
The currency had briefly flirted with 82-levels in the past two sessions but was unable to sustain its post-budget gains on Wednesday, mirroring the volatility in equities.
The mood on Thursday was dominated by turbulence in the equities as the selloff Adani Group shares persisted, dragging the benchmark stock index down after the conglomerate shelved its fully-subscribed secondary share offering overnight.
The rupee's marginal strength earlier in the session was not going to last as heavy dollar buying was expected, three traders said.
Foreign banks have been bidding all through this week for USD/INR, they said, pointing to the chances of custodial banks among them as overseas investors sought to withdraw money from Indian markets.
Foreign institutional investors have withdrawn around $3.5 billion from stock markets in January alone.
The rupee, which has already been underperforming its Asian peers, will likely stay under pressure from these developments, said Alvin Tan, head of Asia FX strategy, RBC Capital Markets.
Meanwhile, Asian currencies and stocks nudged up as Fed Chair Jerome Powell acknowledged that U.S. inflation had started to cool after the central bank raised rates by an expected 25 basis points.
However, he did signal that interest rates would rise further and that cuts were not in the offing, but markets continued to cheer the likelihood of the Fed rate peaking soon, with the dollar index USD= plunging more than 1% overnight.
nvestors will now be on the lookout for the central bank meetings in Europe an England later in the day, when both are expected to hike rates by 50 bps.
(Reporting by Anushka Trivedi;Editing by Dhanya Ann Thoppil)
doorstar
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it is more plausible to think that they are warning the power behind the throne of modi. they'll both be dining and receiving advise at the table of sleepy in Washington very soon.
if they abide by/accept and follow that advise all will be forgotten forgiven. then adani can go on being a gajjilionaire and modi can carry on his role as the unopposed emperor/maharaja of super power2020.
TopGun786
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Congratulation! 2 more rupees were transferred to your account. Keep ranting
The Power behind the throne of Modi is the 1.3 Billion people of India and Modi knows that.
And that has been the case since 1947.
Others can only pretend to be king makers and match fixers.
Indian destiny will always be in Indian hands, never in foreign hands (never again).
Congratulation! 2 more rupees were transferred to your account. Keep ranting
Was that pakistani rupees or Indian rupees ?
I just ask because the price difference is almost 1:3.3 now
1 Indian Rupee equals
3.29 Pakistani Rupee
2 Feb, 12:16 pm UTC · Disclaimer
I mean indian rupee dropped from 81.91 to 82.17. Such a huge drop. It seems Adani fall has also affected Indonesian rupiah it dropped from 15010 to 14902 per dollar in 2 days.
It seems a perfectly reasonable question, for all the care you show for India and Adani, it is natural for him to show his curiosity about your sliding economy. I would worry about your economy.Congratulation! 2 more rupees were transferred to your account. Keep ranting
Are you an idiot or what? The leader rating indicate how support the leader has in his own country and not global recognition. There is no doubt Modi has domestic support. Even Hitler had overwhelming support of his people. The only difference is that it was mostly after Hitler’s death the Germans found out he was a butcher. In case of Modi the world already knew he was a butcher and Indians still elected him as their leader. So in other word the popularity rating you are quoting is simply showing how stupid the Indian people are.The Power behind the throne of Modi is the 1.3 Billion people of India and Modi knows that.
And that has been the case since 1947.
Others can only pretend to be king makers and match fixers.
Indian destiny will always be in Indian hands, never in foreign hands (never again).
Was that pakistani rupees or Indian rupees ?
I just ask because the price difference is almost 1:3.3 now
1 Indian Rupee equals
3.29 Pakistani Rupee
2 Feb, 12:16 pm UTC · Disclaimer
Not only a butcher but the leader responsible for 5 million Indian dead during the Covid and humiliation by Pakistan after Pulwama and by the Chinese in Ladakh and the Indians still love their Modi.
ARMalik
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People don't realize this truth but one day this truth will come that there is a GOOD WORKING RELATIONSHIP BETWEEN PAKISTAN ARMY GENERALS AND ADANI FAMILY !! Not only drugs but also cheap smuggled coal from Afghanistan via Pakistan to Adanis goes ON A DAILY BASIS !!
Indos
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15010 Rupiah per USD into 14920 Rupiah per USD is not drop in value but rather increase in value for Rupiah.
Most of Asian currencies are in appreciation tendency due to slower The Fed tightening policy.
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Rupiah Strengthens Again on Thursday (2/2), Here's the Prediction for Friday (3/2)
Thursday, 02 February 2023 / 18:35 WIB
Reporter: Pulina Nityakanti | Editor: Herlina Kartika Dewi
KONTAN.CO.ID - JAKARTA. The rupiah exchange rate against the United States (US) dollar strengthened again on Thursday (2/2).
The spot rupiah rose 0.58% to Rp 14,888 per US dollar on Thursday (2/2). Meanwhile, the Bank Indonesia (BI) rupiah appreciated 0.82% to a level of Rp 14,868 per US dollar.
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villageidiot
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I haven't really read up of any of this but do you think someone is arm-twisting modi jee?
Yahudis must be ruing the day they were born. Now hindus are also crying yahudi saazish
BTW, It used to be that Yahood-o-Hunood conspired against Momineen. How are Yahood now conspiring against the Hunood?
Maybe it's the Nasaara who are directing the drama and Yahood are just the fall guy?
It was Indian support that made Modi go from "visa ban" to "Global statesman".
So stupid or not, Modi is our Man and the Man anyone will have to meet and greet if they want to do business with us.
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